EFC Uganda closes Five Business Service Centers to streamline services
EFC Uganda closes five of its business service centers to streamline business processes
Businessman Remanded for Defrauding Kenyan UGX 1.3 Billion
A businessman who allegedly defrauded a Kenyan investor 1.3 billion Shillings has been remanded. Elijah Martin Rusoke commonly known as Albert Kamugisha was on Wednesday …
Mobile Payments in Uganda Still Low – MTN
Mobile phone-based payments for goods and services in Uganda remain low relative to subscriber numbers, a situation service providers say must be tackled to drive …
Airtel Uganda Seeks To Raise UGX800 Billion From Share Listing
Airtel Uganda has opened up share sale to the public as it plans to raise 800 billion shillings at 100 shillings per share. It becomes …
NSSF Moves To Enhance Social Security Compliance In The Oil & Gas Sector
The National Social Security Fund (NSSF) has established a partnership with the Ministry of Energy and Mineral Development to enhance social security compliance within energy, …
Postpaid Irrigation System Project to Benefit 12,000 Farmers
The postpaid irrigation systems project, funded by the Danish government, is set to benefit over 12,000 small and medium-holder farmers. Through the DANIDA Green Business …
Government to Resume Issuance of New Mining Licenses
The government is to resume the issuance of new mining licenses as the new mining and Minerals Act takes effect. The issuance of the licenses …
Gold Accounts for 40% June Exports for Uganda
Gold continues to drive Uganda’s export receipt growth, which went up to 650.6 million dollars in June 2023 up from 365 million in the same …
Uganda Warned Against Printing Money to Bridge External Financing Gaps
The government has been warned against any attempts at printing new money to finance budgetary deficits, also known as monetary financing, as the economy suffers …
Increase in Domestic Revenue Helps URA Surpass Target
The Uganda Revenue Authority (URA) has outperformed its financial targets for the last fiscal year, with a substantial increase in locally collected taxes. The performance …